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Best cheap car insurance in Ocala

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Aerial Photo of Historic Town Square
Michael Warren/Getty Images
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Drivers in Ocala, Florida, pay moderately high average rates for coverage compared to the national average cost of car insurance. The average cost of full coverage car insurance in Ocala is $1,993 per year, while the average cost of minimum coverage is $914 per year. Comparatively, the average national cost of full coverage auto insurance is $1,674 per year, and the average national cost of minimum coverage is $565 per year. However, minimum coverage insurance offers limited protection, so it’s not always the best option for drivers.

Luckily, there are several cheap car insurance companies in Ocala that offer low rates for drivers who don’t want to sacrifice coverage for a low premium. If you’re looking for cheap auto insurance in Ocala, Geico offers the cheapest car insurance in this city, according to Bankrate’s 2021 study of quoted annual premiums. Plus, there are plenty of other options for the best cheap car insurance in this city.

Best cheap car insurance companies in Ocala

The cheapest car insurance companies in Ocala are Geico, State Farm, Progressive and Allstate, based on Bankrate’s analysis of rate data from Quadrant Information Services. We also assigned each provider a Bankrate Score with a maximum of five points, which is based on a review of each company’s coverage options, discounts, third-party ratings and other factors. Drivers can use these same factors to help them find cheap car insurance in Florida.

Insurance company Bankrate Score J.D. Power score
(Florida region)
Average annual premium for full coverage Average annual premium for minimum coverage
Geico 4.73 823/1,000 $1,405 $539
State Farm 4.73 848/1,000 $1,457 $539
Progressive 4.4 822/1,000 $1,509 $582
Allstate 4.0 846/1,000 $1,921 $696

Geico

Geico offers the cheapest average car insurance rates in Ocala, based on our research. Both the average full coverage and minimum coverage premiums from Geico are much cheaper than the citywide average. Plus, Geico offers lots of discounts that could help you get an even lower rate. This includes savings for federal employees, military personnel, good students, safe drivers, bundling your auto and home insurance, and many others.

However, Geico offers limited add-on coverage options. The only endorsements offered by this insurer are roadside assistance, mechanical breakdown coverage and rental reimbursement. Geico was also rated below average by J.D. Power for overall customer satisfaction.

Learn more: Geico Insurance review

State Farm

State Farm is one of the largest car insurance companies in the country, writing more premiums than any other provider. State Farm’s average car insurance premiums are affordable, tying with Geico for the cheapest minimum coverage policy. State Farm also offers numerous discounts that may be able to net you additional savings, and the company claims that customers who switch to State Farm save an average of $597 per year on their premiums. Plus, the company offers several endorsements. J.D. Power also rated State Farm the best car insurance company in Florida for overall customer satisfaction, which means that customers are generally satisfied with the company’s prices, coverage options, claims handling and customer service.

Learn more: State Farm Insurance review

Progressive

Progressive offers low average rates to Ocala drivers and numerous discounts. Progressive also offers a unique safe driver reward program, called Snapshot, which yields drivers savings for demonstrating safe driving habits. In addition to Snapshot, Progressive offers a number of other discounts, like savings for teen drivers, good students and having continuous insurance.

This company also offers several unique online tools, like the Name Your Price Tool, which drivers can use to find a policy that fits within their budget and coverage needs. The quote comparison tool can also be used to compare Progressive’s rates to competitor’s prices. However, Progressive was rated below average for overall customer satisfaction by J.D. Power.

Learn more: Progressive Insurance review

Allstate

Allstate also offers average car insurance rates to Ocala drivers that are lower than the citywide average rate. As with many of the companies on our list, Allstate offers numerous discounts that drivers may be able to take advantage of for further savings. Drivers can also take advantage of Allstate’s Milewise program, which is a pay-per-mile car insurance policy that may help you get a lower rate. The company offers several optional endorsements, including new car replacement, accident forgiveness and deductible rewards. Plus, Allstate ranked highly on the J.D. Power Auto Insurance Study.

Learn more: Allstate Insurance review

How to get and keep the cheapest car insurance in Ocala

If you find cheap car insurance in Ocala, it’s important to remember that your rate won’t be locked in forever. Your rate is subject to change at certain points based on a number of factors, like accidents or changes in your credit score. Here are some helpful tips for finding an affordable policy and maintaining a low rate:

  • Look for carriers with discounts. Many of the insurance providers in Ocala offer discounts to help drivers obtain more affordable rates. Generally speaking, the more discounts you qualify for, the more you can save. When comparing insurance providers, it can help to pay close attention to the discounts available and choose a carrier with multiple discounts that you qualify for.
  • Rate shop before major life events. Certain life events can trigger a change in your car insurance premium, so rate shopping prior to these events can help you avoid a big rate increase. For example, if your child is getting ready to get their driver’s license, apply for new quotes to see if you can find a cheaper rate before you add a teen driver to your current policy.

Frequently asked questions

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.

These are sample rates and should only be used for comparative purposes.

Bankrate Score

Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. We know it is important for drivers to be confident their financial protection covers the likeliest risks, is priced competitively and is provided by a financially-sound company with a history of positive customer support.

To determine how well the best car insurance companies satisfy these priorities, third-party agency ratings from J.D. Power, AM Best, S&P, NAIC, and Moodys had the most impact on the companies’ Bankrate Scores. As price is a common consideration for drivers, we analyzed quoted premiums based on 40-year-old male and female drivers with a 2019 Toyota Camry. This profile, assessed across more than 35,000 ZIP codes in the U.S., provided a basis on which drivers may compare each provider.

While coverage options, insurer availability, affordability and customer experience are often the top priorities, Bankrate also analyzed each insurer’s online and mobile resources for policy management and claims handling. Insurance is rapidly evolving to keep pace with our digital world, so these aspects also carried weight in determining Bankrate Scores.

Written by
Elizabeth Rivelli
Insurance Contributor
Elizabeth Rivelli is a contributing insurance writer for Bankrate and has years of experience writing for insurance domains such as The Simple Dollar, Coverage.com and NextAdvisor, among others
Edited by
Insurance Editor